Studies show that most people have not executed all the necessary estate planning documents. A lack of information can lead to procrastination, because many people do not know why planning is importance. Others recognize the need, but they are frozen with inaction because they do not know how to proceed.
Knowledge is the key, and we make an effort to provide people in the greater Quad Cities area with useful information about estate planning. We go about this in a number of different ways. If you visit this blog regularly, you can build on your knowledge, because we provide a steady stream of useful information.
We have also assembled a rather extensive electronic library that contains in-depth reports about relevant estate planning and elder law topics. These reports have been carefully prepared, and they are offered on a complimentary basis. You can visit our report page to browse the titles, you can download any or all of the reports at your convenience.
In person, face-to-face communication is also very important. We offer free estate planning workshops on an ongoing basis, and we have a number of sessions coming up over the next couple of months.
These workshops will cover estate planning in general, with a particular emphasis on revocable living trusts.
Revocable living trusts are useful for people of relatively ordinary means. When you create a revocable living trust, you maintain control of the assets while you are alive and well. You can initially act as the trustee and the beneficiary, and you can dissolve or rescind the trust if you want to take back direct personal possession of the property.
You name a successor trustee to administer the trust after you pass away, and you name successor beneficiaries. After your passing, the trustee will follow your instructions and distribute assets to the beneficiaries. These distributions would take place in a timely and efficient manner, because they would not be subject to the probate process.
Probate is a legal process that comes into play when you use a last will to transfer property. It is time-consuming, and it can be expensive.
The estate planning seminar schedule kicks off on Tuesday, September 16th at 7 p.m. This seminar will be held at our Davenport offices.
This is the first of a series of eight workshops, with the final session taking place on October 30th.
Though these workshops are free to attend, we do ask that you register in advance so that we know how many people to expect. You can click the registration link below the workshop that fits into schedule.
To access the seminar schedule page, click this link: Duffy Law Office, PLLC Estate Planning Workshops.